Hong Kong Unemployment Rate 1981-2017 | Data | Chart | Calendar

The seasonally adjusted unemployment rate in Hong Kong remained unchanged at 3.0 percent in the three months to November of 2017. Also, the underemployment stood at 1.1 percent, the same as the previous period. Unemployment Rate in Hong Kong averaged 3.69 percent from 1981 until 2017, reaching an all time high of 8.50 percent in June of 2003 and a record low of 1 percent in July of 1989.

Hong Kong Unemployment Rate
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Hong Kong Jobless Rate Steady at 3.0%


The seasonally adjusted unemployment rate in Hong Kong remained unchanged at 3.0 percent in the three months to November of 2017. Also, the underemployment stood at 1.1 percent, the same as the previous period.


Comparing to the previous three-month period, the number of unemployed persons decreased by about 5 800 to 117,800 in September-November 2017; and the number of underemployed persons declined by around 2,600 to 41,600, mainly in the construction sector.

Meantime, total employment increased by 3,200 to 3.840 million in the three months to November, and the labour force fell by around 2,700 to 3.958 million.

On the short-term outlook, "Labour market conditions will likely remain tight in the near term given the generally favourable macroeconomic environment. This notwithstanding, we will stay tuned to various uncertainties in the external environment and developments in the local labour market.", the Secretary for Labour and Welfare, Dr Law Chi-kwong, said.

Census and Statistics Department | Stefanie Moya |
12/18/2017 9:23:38 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-10-19 08:30 AM Unemployment Rate 3.1% 3.1% 3.1%
2017-11-16 08:30 AM Unemployment Rate 3.0% 3.1% 3.1%
2017-12-18 08:30 AM Unemployment Rate 3% 3% 3.0%
2018-01-18 08:30 AM Unemployment Rate 3%
2018-02-22 08:30 AM Unemployment Rate
2018-03-19 08:30 AM Unemployment Rate


Hong Kong Labour Last Previous Highest Lowest Unit
Unemployment Rate 3.00 3.00 8.50 1.00 percent [+]
Employed Persons 3840.30 3837.10 3841.20 2370.60 Thousand [+]
Unemployed Persons 117.80 123.60 307.70 24.90 Thousand [+]
Labor Force Participation Rate 61.20 61.30 66.50 59.50 percent [+]
Labour Costs 141.70 134.60 154.60 12.30 Index Points [+]
Productivity 160.10 155.20 160.10 99.40 Index Points [+]
Job Vacancies 69592.00 70463.00 127765.00 15919.00 [+]
Wages 15702.00 15379.00 15702.00 10382.00 HKD/Month [+]
Wages in Manufacturing 211.50 207.20 211.50 141.80 Index Points [+]
Minimum Wages 34.50 32.50 34.50 28.00 HKD/Hour [+]
Population 7.37 7.30 7.37 3.08 Million [+]
Youth Unemployment Rate 6.20 6.90 10.40 1.90 percent [+]
Retirement Age Men 65.00 65.00 65.00 60.00 [+]
Retirement Age Women 65.00 65.00 65.00 60.00 [+]


Hong Kong Unemployment Rate

In Hong Kong, the unemployment rate measures the number of people actively looking for a job as a percentage of the labour force. This page provides the latest reported value for - Hong Kong Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hong Kong Unemployment Rate - actual data, historical chart and calendar of releases - was last updated on December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.00 8.50 1.00 1981 - 2017 percent Monthly
SA




unemployment rate by Country
Country Last
Spain 16.38 Sep/17
Brazil 12.20 Oct/17
Italy 11.10 Oct/17
Turkey 10.60 Sep/17
France 9.70 Sep/17
Euro Area 8.80 Oct/17
Canada 5.90 Nov/17
Indonesia 5.50 Sep/17
Australia 5.40 Nov/17
Russia 5.10 Oct/17
Netherlands 4.50 Oct/17
United Kingdom 4.30 Oct/17
United States 4.10 Nov/17
China 3.95 Sep/17
South Korea 3.70 Nov/17
Germany 3.60 Oct/17
Mexico 3.50 Oct/17
India 3.46 Dec/16
Switzerland 3.10 Nov/17
Japan 2.80 Oct/17